The Volkswagen brand is one of the world’s biggest car manufacturers. We have been making innovative technology, the highest quality and attractive design accessible to many people for more than 70 years now – with bestsellers such as the Beetle, the Golf and the all-electric ID. family for the new world of mobility. We have a market presence in more than 150 countries, and we produce vehicles at more than 30 locations in 13 countries. The Volkswagen brand has more than 180,000 employees.
We have set ourselves ambitious goals on the journey towards universal climate-neutral mobility. We are launching at least one new electric car every year up until 2026. Our goal is for at least 70 percent of our revenue in Europe to come from electric cars by 2030. In North America and China, we our aiming for at least 50 percent.
A key competitive advantage in the electrification of our fleet is the modular electric drive matrix (MEB). Volkswagen’s vehicle architecture designed specifically for electric drive offers long ranges, plenty of interior space, and allows the software to be updated regularly via over-the-air updates. MEB is the technical basis for the all-electric, fully networked cars of the ID. family, and thereby for models such as the compact ID.3, the electric SUV ID.4, the SUV Coupé ID.5 and the ID. Buzz, the successor of the legendary Bulli.
Our ACCELERATE strategy strengthens competitiveness, expedites the acceleration of e-mobility, and forces the transition to a tech company. A good example of this is the transformation at our headquarters in Wolfsburg, where around two billion euros are being invested in new production in close proximity to the main plant. Trinity, the future top-of-the-range model in our e-fleet, will roll off the assembly line there as of 2026.
Overall, the corporation will have invested more than 18 billion euros in electric mobility, hybridisation, and digitisation by 2026. More than any other brand, Volkswagen will stand for fascinating digital customer experiences, new business models, and for autonomous driving across the market. Our vision: We want to make Volkswagen the most desirable brand when it comes to sustainable mobility.